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Marriott Completes New York EDITION Sale

Marriott Completes New York EDITION Sale

BETHESDA, Md.—Marriott International, Inc. has announced it has completed the previously contracted sale of The New York EDITION hotel for net cash proceeds of approximately $343 million. Today’s transaction is the last in a series of three sales of Marriott-owned ...

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Marriott to Introduce Moxy Hotels to U.S.

Marriott to Introduce Moxy Hotels to U.S.

BETHESDA, Md.—Marriott International, Inc. announced today the introduction of Moxy Hotels to the U.S. The new and contemporary brand, first launched in Europe, is entering the market with eight identified projects slated for major metropolitan locations, including New York City ...

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Marriott Set to Buy Delta Hotels and Resorts

Marriott Set to Buy Delta Hotels and Resorts

Marriott International Inc. has reached an agreement to purchase Canada’s Delta Hotels and Resorts, which has 38 properties in 30 Canadian cities, for approximately $135 million, the Wall Street Journal has reported. With this deal, Marriott will acquire the brand, ...

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Ashford Hospitality to Acquire Memphis Marriott East

Ashford Hospitality to Acquire Memphis Marriott East

DALLAS—Ashford Hospitality Trust, Inc. announced today that it has signed a definitive agreement to acquire the 232-room Memphis Marriott East hotel for total consideration of $43.5 million in cash ($187,500 per key). The acquisition is expected to close within the ...

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Marriott Expects to Exceed One Million Rooms in 2015

Marriott Expects to Exceed One Million Rooms in 2015

DAVOS, SWITZERLAND, AND BETHESDA, Md.—Marriott International, Inc. said today that it expects its portfolio of hotels either open or under development to surpass one million rooms by the end of 2015. When open, the hotels under development will have generated ...

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